My qualified mortgage interest was $18,000 + $10,000 in points. but my deductible points come out to only $187. Is that correct? This seems low.

ralake84 · ‎February 10, 2025

JohnB5677 · ‎February 11, 2025

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ralake84 · ‎February 11, 2025

-I don't know what it did. I just entered it on my Turbo tax.

-The mortgage was for only part of 2024. I purchased the home in June.

fanfare · ‎February 11, 2025

Your points are divided by 30 years ( the term)

Then,, considering exact number of days, Turbotax only gives you about 6 / 12ths of that the first year.

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